Armed robbers rob Sino Non-Metal Resources of US$44,000

Six armed men robbed four Chinese nationals on Wednesday morning of US$44 200, ZWL$2 920 and 500 Chinese yuan at Sino Non-Ferrous Metal Resources gold milling company in Shurugwi.The robbers also got ...

By Staff reporter | Published: 12 July 2019


IDCZ disposes stakes in Almin Metal Industries, Stone Holdings

THE Industrial Development Corporation of Zimbabwe (IDCZ) has disposed of its shareholding in Almin Metal Industries and Stone Holdings as part of a restructuring process to be completed this year. Th...

By Staff reporter | Published: 04 February 2019


Zimbabwe govt engages Metallon

GOVERNMENT is engaging the country's largest gold producer Metallon Corporation with a view to finding a lasting solution to the miner's problems which has seen it placing hundreds of workers on retre...

By Staff reporter | Published: 11 September 2018


Debts push Metallon Corporation to the brink

PROPERTY belonging to Zimbabwe's largest gold producer, Metallon Corporation, will be auctioned by the High Court to recover an estimated US$30 million owed to various creditors and workers, as the mi...

By Staff reporter | Published: 07 September 2018


Millions lost through scrap metal exports

Zimbabwe could save at least $11 million per month and hundreds of jobs if it stops exporting scrap metal and beneficiate it locally, the Zimbabwe Institute of Foundrymen (ZIF) has said. The foundry i...

By Staff reporter | Published: 27 July 2018


Ban scrap metal exports

LOCAL steel manufacturers have called for a temporary freeze on the export of scrap metal until domestic demand is satisfied, as they seek to meet local steel product requirements.The pledge comes at ...

By Staff reporter | Published: 21 June 2018


Call for scrap metal exports ban

SCRAP METAL exports have seriously curtailed industrial production of gold processing equipment and spare parts produced by local foundries, manufacturers in the sector have said.Local foundries have ...

By Staff reporter | Published: 23 May 2018


Restructured Metallon guns for full capacity

THE country's biggest gold producer, Metallon Corporation says it wants four of its mining operations in Zimbabwe to reach their full production capacities this year.Metallon owns How Mine, Mazowe, Re...

By Staff reporter | Published: 23 April 2018


IDC offloads 15pc stake in Scaw Metals

The Industrial Development Corporation (IDC) has sold its 15 percent stake in Scaw Metals Group's Grinding Media, South Africa, to a United States of America firm, Magotteaux International as it seeks...

By Staff reporter | Published: 06 April 2018


Metallon sinks $2,5m into exploration

ZIMBABWE's largest gold producer, Metallon Gold, has invested an estimated $2.5 million in ongoing exploration activities at its mining operations in the country.The mining group owns operations that ...

By Staff reporter | Published: 08 March 2018


Metallon Gold eyes output growth

ZIMBABWE'S largest gold producer Metallon Gold Zimbabwe plans to grow output seven fold within the next two years to 70 000 tonnes per month after spending as much as $12 million to increase productio...

By Staff reporter | Published: 07 March 2018


Metallon halts Mazowe mine operations

Metallon Gold Corporation has suspended mining operations at its Mazowe Gold Mine due to serious operational challenges. Information is that the gold mining group has been facing challenges that inclu...

By Staff reporter | Published: 09 February 2018


NRZ seeks mandate to transport heavy metals

The National Railways of Zimbabwe (NRZ), through the Transport and Infrastructural Development Ministry, is lobbying Cabinet to promulgate a Statutory Instrument that would ring-fence heavy metals and...

By Staff reporter | Published: 29 January 2018


MMCZ seeks to revive metallurgical plant

MMCZ says it intends to revive a metallurgical plant in Kwekwe that processes refractory ore, an initiative that will promote gold production, particularly from various small-scale miners dotted aroun...

By Staff reporter | Published: 26 January 2018


Metallon Gold sells Arcturus Mine

GOLD mining concern, Metallon Corporation has sold one of its operations, Arcturus Mine to TN Securities Limited.Metallon did not disclose the value of the sale but indicated that as part of the trans...

By Staff reporter | Published: 04 December 2017


Mugabe ouster good for PGM metals

THE end of President Robert Mugabe's lengthy rule, through a calculated military intervention, could prove a boon for the country's platinum-group metals, mining experts have said.Zimbabwe, the world'...

By Staff reporter | Published: 23 November 2017


Buyanga extends business to gold, precious metals

THE African Medallion Group (AMG) has extended the scope of its business activities to include gold purchasing and precious metal beneficiation.The development has seen AMG increasing its gold reserve...

By Staff reporter | Published: 13 September 2017


Metallon collpses the Group structure

ZIMBABWE's largest gold producer, Metallon, has restructured the business by collapsing the group structure into independent mining units with separate executive management and boards, as part of eff...

By Staff reporter | Published: 06 September 2017


Supply local foundries, metal producers told

INDUSTRY and Commerce Deputy Minister Chiratidzo Mabuwa has ordered local metal producers to desist from exporting scrap metal at the expense of domestic foundries.Speaking during a scrap metal indaba...

By Staff reporter | Published: 30 August 2017


Iron ore joins base metals price rally

After a string of down days, the Northern China import price of 62 percent Fe content ore bounced back on Thursday. According to data supplied by The Steel Index the steelmaking raw material jumped 5,...

By Frik Els | Published: 22 August 2017


Resources lead stock gains as oil, metals advance

Anglo American Plc, Rio Tinto Plc and BHP Billiton Plc underpinned the advance in the Storks Euro 600 Index as miners also propelled the MSCI All Country World Index toward a ninth month of gains. HSB...

By Bloomberg | Published: 31 July 2017


Metallon Gold set to increase production by 20%

ZIMBABWE'S largest gold mining group, Metallon Gold is targeting to increase its gold production by 20% by year-end driven by increased capacity utilisation, a company official has said.The company pr...

By Staff reporter | Published: 17 July 2017


Mzi Khumalo's company 'externalises' $30m

Metallon Gold Zimbabwe (Pvt) Ltd, owners of How Mine near Bulawayo and other gold mines in the country, has been taken to court on allegations of externalising more than $30 million.Preminent South A...

By Staff reporter | Published: 15 July 2017


SA metal workers threaten strike

JOHANNESBURG - Numsa announced yesterday that more than 220 000 of its members in the steel and metal workers sector would embark on a strike across the country this week."The national executive commi...

By Fin24. | Published: 30 June 2014


Zimplats to refurbish base metals refinery

Zimplats will start refurbishing its base metals refinery at a cost of $100 million in July after completing a preliminary plant assessment.Addressing delegates during a tour of Zimplats' operations o...

By Staff reporter | Published: 02 June 2014

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